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Running towards depression and a war?
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Stagflation is the old story.Stagflation is clear like a North Pole day.What about depression?Are some banks gonna fail and trigger a depression? What about Iran? Is this the case? Does US actually need a war with Iran?
Iran's softer tone towards an offer of nuclear incentives made by world powers may be a bid to buy time rather than a shift to accept a key demand to halt nuclear work, analysts and diplomats said.
Despite an unusually public debate about how Tehran should respond involving some senior Iranian politicians, there have been no official indications of any readiness to suspend uranium enrichment -- the demand on which a deal ultimately hinges.
"Signals seem to be a bit better (than before the proposal was presented) but we don't see any big change from the Iranian side," said one European diplomat.
Iran initially sent a clear response to the offer.
On June 14, the same day European Union foreign policy chief Javier Solana handed over the offer from six powers in Tehran, a government spokesman rejected the suspension of enrichment, a process the West fears Iran wants to use to make atomic bombs.
But Iranian officials now sound more conciliatory. Even President Mahmoud Ahmadinejad has been uncharacteristically quiet after earlier insisting Iran would not give in to "bullying powers" over nuclear plans Tehran says are peaceful.
Some Western diplomats detect a more positive approach from Iran and say any knee-jerk public statements have turned to more careful reflection. "There is a debate," said one.
However the diplomat said it was not clear Iran would accept suspension or even a "freeze-for-freeze" idea to get preparatory discussions going, a step involving Iran freezing expansion of nuclear work in return for world powers halting moves to add to three rounds of U.N. sanctions already imposed.
An Iranian official, speaking on condition of anonymity to Reuters last month, said time was on Iran's side..
"We will review the package but not the part about enrichment freeze ... We are moving forward with our work and Iran's nuclear capability is being constantly augmented," said the official, who was involved in talks with Solana in Tehran..
Iran said in 2006 it was considering a similar offer by world powers but rejected it in the end, a maneuver diplomats at the time saw as time wasting. Some see the same pattern now..
US needs a Iran War to delay and get rid of it own problems and create business activity with defense industry
The economy likely suffered its sixth consecutive month of job losses in June as the worst housing slump in generations and ongoing stress in manufacturing and banking discouraged businesses from hiring.
Economists polled by Reuters estimated that employers cut 60,000 jobs in June after losing 49,000 the prior month.
If the economy did shed jobs in June, it would be the longest losing streak since June 2002, which marked the end of a 15-month run of payroll declines after the 2001 recession.
Nonfarm payrolls have been contracting for the past five months and June should be no exception.
The steady stream of declines points to recession.
The biggest cuts were likely concentrated in manufacturing, construction and financial services.Some economists fear an even gloomier report for June after ADP Employer Services said on Wednesday that private sector employers slashed 79,000 jobs last month, far more than the 20,000 decline markets were expecting.
Lehman Brothers revised its estimate downward on Wednesday after the ADP report and is looking for a 75,000 job loss instead of a 50,000 decline.
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| Tarih
: 7/3/2008 |
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© 2006 Mert TOKER All Rights Reserved. |
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